Company / Operating Margin
Lululemon Athletica Operating Margin History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Margin
19.9%
FY2025
5-year range
16.4% / 23.7%
FY2021-FY2025
Trend
-15.9%
vs FY2024
Sector context
#28 of 184
Consumer Discretionary
What the data says
Lululemon Athletica's operating margin of 19.9% is higher than 85% of companies in the Consumer Discretionary sector (FY2025). Operating Margin has fluctuated over the past 10 years, ranging from 16.4% in FY2022 to 23.7% in FY2024.
Based on SEC 10-K filings.
19.9% in FY2025 with a 5-year CAGR of +1.3%. Top quartile in the Consumer Discretionary sector.
Declined from 22.2% to 19.9% over the past 2 years.
Consumer Discretionary sector context is included.
Operating Margin over time
Growth rates
- 3-Year Change
- +3.5pp
- 5-Year Change
- +1.3pp
- 10-Year Change
- -
Sector benchmark
+493.3% above sector average
Key checks
Key Insights
- In FY2025, operating margin decreased 15.9% year-over-year.
- Currently 16.6pp above the Consumer Discretionary sector average.
- Peak operating margin was recorded in FY2024.
- Lowest operating margin in the period was in FY2022.
Company context
Key Data Points
- Altman Z-Score 3.57 (safe zone, above 2.9 threshold)
- Strong return on equity: 38.7%
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Operating MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 19.9% | -15.9% |
| FY2024 | 23.7% | +6.8% |
| FY2023 | 22.2% | +35.3% |
| FY2022 | 16.4% | -23.1% |
| FY2021 | 21.3% | +14.4% |
| FY2020 | 18.6% | -16.6% |
| FY2019 | 22.3% | +4.1% |
| FY2018 | 21.5% | +24.7% |
| FY2017 | 17.2% | -4.2% |
| FY2016 | 18.0% | +0.3% |
As of FY2025 · SEC 10-K · Updated Mar 25, 2026